825 E 108Th St, Los Angeles, CA 90059
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825 E 108Th St Los Angeles, CA 90059

$4,295,000
  • 39 Beds
  • 22 Baths
  • 13,742 Sq.Ft.
For Sale
$4,295,000 Get Pre-Qualified

Map preview of 825 E 108Th St, Los Angeles, CA 90059

Property Overview: 825 E 108Th St Los Angeles, CA has 39 bedrooms, 22 bathrooms, 13,742 living square feet and 14,387 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: 825-833 108th street is a lucrative investment opportunity in the form of a well-maintained 22-unit apartment building on three separate parcels. This property boasts an ideal unit mix, strategic location, and significant upside potential, making it a prime asset for both seasoned investors and those looking to enter the real estate market. Key Highlights: 1. Unit Mix: The property offers a diverse unit mix, predominantly featuring spacious 2-bedroom layouts that cater to a wide range of tenant preferences. 2. Rent Upside Potential: Unlock substantial value with over 35% upside potential in rents. This presents a unique opportunity to maximize returns and enhance the overall profitability of the investment. 3. Recent Renovations: Over half of the units have undergone renovations in the last 3 years, ensuring modern interiors and increased tenant satisfaction. This contributes to the property's overall appeal and value. 4. Proximity to Avalon Metro Station: Enjoy the convenience of being in close proximity to the Avalon Metro Station, providing easy access to public transportation and enhancing the property's attractiveness to potential tenants. 5. Near Parks and Recreation Center: Residents can take advantage of nearby parks and a recreation center, offering a blend of green spaces and recreational activities for a well-rounded living experience. 6. Well-Maintained Property: The building is meticulously maintained, reflecting a commitment to quality and ensuring a positive living environment for residents. 7.Investment Potential: This property presents a compelling investment case, combining a strong unit mix, recent renovations, and the potential for increased rental income, making it an attractive option for investors seeking long-term growth. Don't miss out on this rare opportunity to acquire a well-positioned and income-generating property.

Listed by Hooman Emanuel | BRE #01200237 | Keller Williams Studio City
Co-listed by Deboura Emanuel | BRE #01367535 | Keller Williams Studio City
Last checked: 6 minutes ago | Last updated: February 28th, 2024 | Source CRMLS | DOM: 90
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Home details

Lot Sq. Ft
14,387
HOA Dues
$0/mo
Year built
1951
Garage
--
Property Type:
Multi Family
Status
Active
MLS#
24348907
City
Los Angeles
County
Los Angeles
Time on Site
104 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 22
  • Total # of Buildings: 3
Unit Breakdown 1
  • # of Units: 5
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,511
  • Total Rent: $7,557
  • Pro Forma/Market Rent: $9,475
Unit Breakdown 2
  • # of Units: 17
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,547
  • Total Rent: $26,303
  • Pro Forma/Market Rent: $36,550
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 6.47%
  • Gross Rent Multiplier: 10.37
  • Gross Scheduled Income: --
  • Net Operating Income: $277,814
  • Gross Operating Income: $401,707
Annual Expense Breakdown
  • Total Operating Expense: --

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Property Details for 825 E 108Th St

Interior Features
Heating Information
  • Has Heating
  • Wall Furnace
Kitchen Information
  • Has Appliances
  • Dishwasher, Disposal, Microwave, Refrigerator
Interior Features
  • Levels: Two
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 8
  • Has Parking
  • Parking Features: Gated
Lot Information
  • Lot Size Source: Other
Property Information
  • Total # of Units: 22
  • Parcel Number: 6051022033
  • Has Additional Parcels
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Assessment Information
  • No Assessments
Location / Neighborhood
Location Information
  • Directions: North of Imperial Hwy East of Avalon Blvd
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Sale History for 825 E 108Th St

Last sold for $3,550,000 on October 17th, 2019
  • January, 2024

  • Jan 18, 2024

    Date

    Active

    CRMLS: 24348907

    $4,395,000

    Price

  • October, 2019

  • Oct 17, 2019

    Date

    Sold (Public Records)

    Public Records

    $3,550,000

    Price

  • October, 2005

  • Oct 18, 2005

    Date

    Sold (Public Records)

    Public Records

    $1,628,000

    Price

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Tax History for 825 E 108Th St

Assessed Value (2020): $1,520,000
Year Land Value Improved Value Assessed Value
2020 $520,000 $1,000,000 $1,520,000

Home Value Compared to the Market

This property vs the competition

825 E 108Th St is listed 247.49% higher than the median list price for the city of Los Angeles which has a median list price of $1,236,000. The median price per/sqft for Los Angeles is $773 and this home is listed at $312.55 per/sqft which puts the price per square foot 59.57% lower than the median price per square foot for the city of Los Angeles.

About 825 E 108Th St

Detailed summary of property

825 E 108Th St is a multi family located in Los Angeles, CA 90059 and is currently for sale. This multi family property offers 39 bedrooms, 22 bathrooms, roughly 13,742 living square feet, and sits on an approximately 14,387 square foot lot. 825 E 108Th St was first listed on ArdentRealEstateGroup.com on January 18, 2024. The homeowner is currently asking $4,295,000 and was originally asking $4,395,000. The median priced home in Los Angeles is $1,236,000 with a median price per square foot of $773. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 247.49% higher than the median priced home. Local competing homes currently for sale include 1256 W Adams Blvd, 2610 Kenwood Ave and 1885 W Jefferson Blvd. While the average home in Los Angeles, CA is selling in 96 days, 825 E 108Th St has a days on market of 90 days. There are currently 3487 homes for sale in the Los Angeles real estate market and 2373 of them are single family homes while 1015 of them are condos and 93 are townhomes. For more information on this home for sale at 825 E 108Th St Los Angeles, CA 90059 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 825 E 108Th St

Public county record property details
Beds
12
Baths
10
Year built
1951
Sq. Ft.
5,962
Lot Size
5,755
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
13,14
APN
6051-022-033

The source for these homes facts are from public records.

90059 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$575,000
Median List Price/Sq.Ft.
$512
Median Sold Price
$690,000
Median Sold Price/Sq.Ft.
$650
Total Inventory
45
Median Sale to List Price %
99.28%
Avg Days on Market
38
Loan Type
Conventional (11.11%), FHA (55.56%), VA (11.11%), Cash (0%), Other (22.22%)

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.